JPMorgan Embraces Crypto: Tokenized Deposits on Base Blockchain
Update: 2025-12-18
Description
JPMorgan Chase, a major Wall Street bank, has launched its tokenized deposits on Coinbases Base blockchain, marking a significant shift towards decentralized finance. These blockchain-based dollars, known as JPM Coin, offer a new option for investors and are a response to growing customer demand. JPMorgan started offering blockchain deposit accounts in 2019 and has now expanded to a public blockchain, providing a trusted alternative to stablecoins. This move is seen as banks establishing a presence in the on-chain world and adapting to the digital age.
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